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We are satisfied as far as our order book is concerned and hope to achieve at least 12-14 per cent growth by FY14. That is the plan we have.-Manoj Gaur, Executive Chairman For a firm whose liquidity position continues to be under stress and current liabilities remain more than current assets Manoj Gaur, Executive Chairman, Jaiprakash Associates' gung ho statement can only, on the face of it, be viewed as misplaced arrogance. He is looking to reduce Rs 4,000- 6,000 crore worth of the total debt of Rs 54,000 crore in the current year through monetisation of some land assets, a route followed by firms like DLF, on the prospect of improved visibility in the business environment. The company is on a recovery mode. In March this year, Jaiprakash Associates fully repaid the outstanding redemption amount of Ç337,176.30 on its foreign currency convertible bonds (FCCB-Il) issued on March 09, 2006. The company raised equity funds to the extent of Rs 532.9 crore by allotment of 64,204,810 equity shares of Rs 2 each on February 6, 2013, at an issue price of Rs 83 per share to qualified institutional buyers through qualified institutional placement (QIP) issue of $100 million.The aggressive streak which comes across in Gaur is evident in Jaiprakash Associates' investments of around Rs 39,000 crore in various businesses including real estate, hospitality, cement and construction. Some of the aggro also possibly owes to the consolidated net sales of Jaiprakash Associates, which rose 27 percent to Rs 18,816.39 crore in the financial year ending March 31, 2013 from Rs 14,773.23 crore in the previous year mainly on the strong growth in the power, real estate and cement segments. Vision statement: As a group, we are committed to strategic business development in infrastructure, as the key to nation building in the 21st century. We aim to achieve perfection in everything we undertake with a commitment to excel. It is the determination to transform every challenge into opportunity; to seize every opportunity to ensure growth and to grow with a human face. Year of establishment: 1979 Top management: Manoj Gaur, Executive Chairman; Sunil Kumar Sharma, Executive Vice Chairman; SK Jain, Vice Chairman Range of projects handled: Engineering and construction, power, cement, real estate, hospitality, expressways, sports and education Centres of operation: Jammu & Kashmir, Himachal Pradesh, Haryana, Uttarkhand, Uttar Pradesh, Madhya Pradesh, Gujarat, Jharkhand, Chhattisgarh, Andhra Pradesh, Karnataka, Sikkim, Bhutan, Arunachal Pradesh, Assam, Meghalaya. Turnover: Rs 18,816.39 crore (ending March 31, 2013) Landmark projects: Vishnuprayag Hydro-electric Project; Baspa-II; Sardar Sarovar Project; Tehri Dam